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709 Stimson St, Cadillac, MI 49601

3 beds • 2 baths • 1480 sqft

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This property could be a profitable Airbnb investment with a projected 17.1% first-year return on $62,121 initial cash invested.

17.1%

Cash On Cash

12.37%

Cap Rate

1.95

DSCR

$4,279

Rent

$885

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$210k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,121

Downpayment

20%

$42,020

Closing costs

1%

$2,101

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$4,279

Total Expenses

$3,394

Mortgage P&I

26%

$1,109

Property Taxes

4%

$156

Home Insurance

2%

$75

HOA

0%

$0

Property Management

15%

$642

CapEx

4%

$171

Vacancy

0%

$0

Maintenance

4%

$171

Other

25%

$1,070

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